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Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. Tesla, SpaceX Elon Musk and his corporations SpaceX and Tesla are being sued for $258 billion for alleging helping to shill Dogecoin, which is being described by the plaintiff as a Ponzi Elon Musk is facing a $258 billion racketeering lawsuit after crypto investors accused him of intentionally inflating the price of dogecoin. Elon Musk and Tesla have successfully fended off a lawsuit alleging manipulation of Dogecoin (DOGE)'s price. The case, which sought a staggering $258 billion in damages, was dismissed BREAKING: Elon Musk, Tesla, and SpaceX have been sued for $258 billion over an alleged Dogecoin 'pyramid scheme.' The petitioner, Keith Johnson, names Musk, his

Elon Musk Faces $258 Billion Lawsuit: Dogecoin Pyramid Scheme Allegations

Elon Musk is at the center of a massive legal battle, facing a staggering $258 billion lawsuit alleging he ran a pyramid scheme to support Dogecoin. The lawsuit, filed by Dogecoin investor Keith Johnson, names Musk, Tesla, and SpaceX as defendants.

What's Behind the $258 Billion Dogecoin Lawsuit?

The plaintiff accuses Elon Musk and his companies of intentionally inflating the price of Dogecoin, describing it as a Ponzi scheme. The heart of the issue alleges that Musk and his corporations, SpaceX and Tesla, were involved in shilling Dogecoin, leading to significant financial losses for investors.

BREAKING: Elon Musk, Tesla, and SpaceX have been sued for $258 billion over an alleged Dogecoin 'pyramid scheme.' The petitioner, Keith Johnson, names Musk, his companies, claiming they profited unfairly.

Elon Musk Responds: Motion to Dismiss

Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency. He denies any wrongdoing and his legal team is actively fighting the claims.

Previous Dogecoin Lawsuit Dismissed

It's important to note that Elon Musk and Tesla have successfully fended off a lawsuit alleging manipulation of Dogecoin (DOGE)'s price. The case, which sought a staggering $258 billion in damages, was dismissed, providing some precedent.

The Future of the Dogecoin Lawsuit

While one Dogecoin lawsuit has been dismissed, this new $258 billion lawsuit presents a fresh challenge for Elon Musk. The outcome remains uncertain, but it's clear that the legal proceedings will significantly impact both Musk's reputation and the future of Dogecoin.